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India’s Polished Exports Rise in July
Aug 25, 2016 1:34 AM
By Rapaport News
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RAPAPORT... India’s polished diamond exports climbed 1 percent to $1.65 billion in July, according to provisional data provided by the Gem & Jewellery Export Promotion Council (GJEPC). By volume, polished exports dropped 11 percent to 2.5 million carats. Polished imports added 2 percent to $272.5 million, leaving net exports 0.6 percent higher at $1.38 billion.
Rough diamond imports surged 27 percent to $1.4 billion and rough exports leapt 85 percent to $110.3 million, leaving net rough imports 24 percent higher at $1.28 billion. India’s net diamond account, which is calculated as the difference between net polished exports and net rough imports, plummeted 70 percent to $100.1 million.
During the month, India imported $12.6 million worth of rough synthetic stones, most of them being diamonds. Polished synthetic imports, meanwhile, totaled $5.5 million and exports stood at $11.6 million.
For the first seven months, India’s polished diamond exports fell 2 percent to $12.46 billion, while polished imports slumped 26 percent to $1.68 billion, according to Rapaport News calculations. Net polished exports climbed 3 percent to $10.78 billion.
Rough imports advanced 14 percent to $9.93 billion, while rough exports grew by the same percentage to $847.6 million, leaving net rough imports 13 percent higher at $9.08 billion. India’s net diamond account for January to July retreated 31 percent to $1.7 billion.
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Tags:
diamonds, GJEPC, India, jewellery, Jewelry, Rapaport News
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